NEW YORK — Goldman Sachs executive director Greg Smith quit his job Wednesday in the most public way possible — on the op-ed page of The New York Times. advantage of competitors and to focus instead on strengthening the bank's own standards, in an internal memo sent in response to the firestorm engulfing Goldman Sachs [...]
March 15th, 2012 | Posted in Goldman Sachs | No Comments
A very grim earnings report from Goldman Sachs, which speaks volumes about the state of the bank, the collapse in risk appetite, and anemic trading volumes on Wall Street. EPS of $1.85 is well below estimates of $2.30. Goldman Sachs Group Inc. slipped 2.7 percent after results trailed estimates. The S&P 500 gained 0.9 percent [...]
July 19th, 2011 | Posted in Goldman Sachs | No Comments